Industrial unit holders stage protest against Govt


Srinagar: Industrial unit holders Monday held a protest demonstration against SRO 519 and SRO 521 recently passed by the state government. The protestors who had assembled at the Press Colony in Srinagar said that the orders were issued in a hurry.

The protesting unit holders said that the discriminatory SROs were passed in a jiffy to benefit “a handful of outside investors” based in Jammu region.

The protestors holding banners and play cards raised slogans against the government order and demanded that the order be withdrawn. They had organised the protest under the banner of Federation Chambers of Industries Kashmir (FCIK).

FCIK President, Mukhtyar Yousuf later talking to reporters said that providing 42 percent CGST refund from the state government to selected outside investors based in Jammu region is a burden on the state exchequer.

“Only 282 units out of a total 60,000 units in the state have been notified for the 42 percent CGST refund from state government while 58 percent refund to them is given by central government,” he said.

He said that SRO 519 and 521 show an “indifferent attitude” of the authorities towards the local industry which is already fighting a battle against various odds.

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